The Venezuelan Crisis Explained

Despite having massive oil reserves, Venezuela’s economy is still stuck in a downfall.

Since 2014, the economy of Venezuela has been in a free-fall. The once vibrant economy that was also once the largest in South America. has been decimated by hyperinflation – almost hitting the one million percent mark. With the crisis has come hopelessness and uncertainty for the millions of people living in the country, and many have left the country because of the crisis. More…